The Central Bank of Kenya(CBK) raised KSh 13, 840.6 Million from the weekly Treasury Bills Auction held this Thursday 7th January 2021.
This represents an undersubscription of 65.7%, out of the KSh 24 Billion that was on offer. This is more than five times that the CBK weekly Treasury Bills Auction has recorded an under-performance
Investors show more interest in the longer-term KSh 10 Billion 364 days Treasury Bill where bids worth KSh 10.02 Billion was received and a similar amount accepted by CBK, representing an oversubscription of 100.21%.
The 182 day Treasury Bill, worth KSh 10 Billion received bids worth KSh 4,999.7 Million, a performance of 50% after the CBK accepted KSh 3.1 Billion.
Next Treasury Bills Auction
The next auction by the CBK and bids closure is 14th January 2021 where the CBK will looking for KSh 24 Billion from the sale of 91-day, 182 days and 364 days Treasury Bills.
The CBK intends to use KSh 30.8 Billion for redemptions and KSh 6.8 Billion in new borrowing/net repayments.
According to the CBK Weekly bulletin, dated 31st December 2020, the Treasury Bills Auction of December 30 received bids totaling KSh 5.2 billion against an advertised amount of KSh 24.0 billion, representing a performance of 21.6%.